The Chicago Entrepreneur

: Treasury selloff gains momentum as rate expectations rise

Wednesday’s selloff in bonds accelerated into the morning, pushing yields on 2- through 7-year Treasurys up by as much as 10 basis points each, while lifting the 10-year yield to 3.99%. The moves were driven by data showing an expansion of China’s manufacturing activity and an unexpected acceleration in German inflation. Meanwhile, traders boosted the odds of a half-of-a-percentage-point rate increase in March to 32%, and saw a 42% likelihood that the fed funds rate will end up between 5.5% and 5.75% by September.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Previous post MSG Networks to launch streaming service for Knicks, Rangers games
Next post Economic Report: U.S. construction spending falls slightly in January